Many open multiple bank accounts for various reasons like salary accounts for different organizations, different accounts for savings or investments, etc. Whatever be the reason for opening, having surplus bank accounts does more harm than good to the account holder, especially if they are not in regular use. Read through to learn the reasons that…
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Sarah, a young, well-educated and an earning woman, had recently begun to deal with her finances on her own. But, it was getting over her nerves as she was unsure if she was doing the right things with her money. She knew that she is not super-educated at finances and wanted an expert guidance. It…
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It is imperative that you stay covered in life so that neither you nor your loved ones suffer during an unforeseen event. Get the right insurance portfolio in place to stay safe and secured. Here we listed out some important insurance policies that are worth being a part of your kitty. Read through to learn…
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The Public Provident Fund (PPF) scheme has been a popular vehicle in India for long-term investments. This instrument is mainly popular for its tax exempt features. The money invested in PPF gets exemption from tax, interest earned is non-taxable and the maturity amount gets tax-exemption as well. Apart from these benefits, PPF has many other…
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Online shopping has not only made shopping easy, but also increased the bar of spending choices. With just one click huge purchases are made, burning out the pockets. If you are a vigorous online shopper, these tips would help you save big. Be aware of the sales tax. It adds up to your total purchase…
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For decades, society has not allowed women to involve in the family finances. She has been told that she cannot understand finances like men does! Admitting to this ideology, many women, even today, tend to view financial matters as boring and tough subject. On the contrary, this ideology has never proven beneficial, especially when the…
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I was all excited that I successfully built an emergency fund containing my 6-month income. I knew that this money that I build with a lot of patience and discipline would help me stay worry-free for next 6 months in emergencies. I need not worry about any unexpected situation that demands financial attention, as I…
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Groceries tend to take a big bite of your income, whether you are living alone or with your family. According to the Bureau of Labour Statistics, the third largest household expense is food. Thus, it becomes essential to keep a tab on the money we are spending on groceries. Read through the post to find…
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The National Pension System (NPS) is a retirement scheme established by the Indian Government on 1 January 2004 for all its citizens aged between 18 and 60. It is a vehicle that offers reasonable market returns over the long-term and to generate regular income during the old-age. Key Features Of NPS Include: Permanent Retirement Account…
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If you have been an investor, one of the best lessons you would have learned is to be aware of your emotions while investing. Many times, emotions become self-enemy, especially when making crucial investment decisions. According to studies, several emotions like fear, euphoria, hyperactivity, overconfidence, greed, and denial acts as powerful drivers behind investments. To…
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